Dormant Bitcoin wallet, 13Km9, received 10 BTC 12 years ago on May 27th, 2012, a transfer that was worth just over $50 when it was made. The address then remained inactive, holding its balance of 10 BTC through the highs and lows of the last three crypto bull cycles. This same address woke up last week, with its balance worth just over $1.03M. The address then initiated a transfer of 10 BTC, which was split evenly between two addresses, 39hii and 3PXrh.
The balance in 3PXrh was later also transferred to 39hii shortly after, which is believed to be a Kraken deposit address.
With the recent surge in the price of Bitcoin, many dormant wallets have reawakened, with most transferring a portion or all of their Bitcoin to a centralized exchange, likely with the intention to take profits on their holdings. Some of these addresses are even as old as from early 2009, active just days or weeks after the Bitcoin genesis block on January 3rd, 2009.
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